Thomson-Reuters upgraded at Morgan Stanley

AudeLagorce

LONDON (MarketWatch) -- Morgan Stanley upgraded Thomson-Reuters
uk:tril
to equal-weight from underweight, saying Thomson Reuters PLC is a significant beneficiary in translated earnings terms of the recent strength of the dollar against the pound sterling. The broker added that the relative solidity of the professional division, combined with the $750 million of planned cost-savings means it sees earnings-per-share growth in 2008 and 2009 and just a modest fall in 2010.

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